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Private Equity Hospital Buyouts: How Wall Street Looted American Healthcare and Left Patients to Die

Private equity firms have purchased hundreds of hospitals, loaded them with debt, extracted billions, and in many cases driven them into bankruptcy — leaving communities without emergency care. PE-owned hospitals account for 44% of 2025’s largest healthcare bankruptcies and a JAMA-documented 25% increase in patient harm. This is the complete anatomy of the heist.

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